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SSRN Electronic Journal
Article . 2018 . Peer-reviewed
Data sources: Crossref
https://dx.doi.org/10.48550/ar...
Article . 2018
License: arXiv Non-Exclusive Distribution
Data sources: Datacite
DBLP
Article
Data sources: DBLP
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Survey of Consensus Protocols

Authors: Abdul Wahab; Waqas Mehmood;

Survey of Consensus Protocols

Abstract

Distributed ledger technology has gained wide popularity and adoption since the emergence of bitcoin in 2008 which is based on proof of work (PoW). It is a distributed, transparent and immutable database of records of all the transactions or events that have been shared and executed among the participants. All the transactions are verified and maintained by multiple nodes across a network without a central authority through a distributed cryptographic mechanism, a consensus protocol. It forms the core of this technology that not only validates the information appended to the ledger but also ensures the order in which it is appended across all the nodes. It is the foundation of its security, accountability and trust. While many researchers are working on improving the current protocol to be quantum resistant, fault-tolerant, and energy-efficient. Others are focused on developing different variants of the protocol, best suited for specific use cases. In this paper, we shall review different consensus protocols of distributed ledger technologies and their implementations. We shall also review their properties, concept and similar-work followed by a brief analysis.

Keywords

FOS: Computer and information sciences, Computer Science - Cryptography and Security, Computer Science - Distributed, Parallel, and Cluster Computing, Distributed, Parallel, and Cluster Computing (cs.DC), Cryptography and Security (cs.CR)

  • BIP!
    Impact byBIP!
    selected citations
    These citations are derived from selected sources.
    This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
    19
    popularity
    This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
    Top 10%
    influence
    This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
    Top 10%
    impulse
    This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
    Top 10%
Powered by OpenAIRE graph
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selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
19
Top 10%
Top 10%
Top 10%
bronze